Cheap Homes for Rent near Homewood, AL from $700 (30 Rentals)

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Birmingham Neighborhood Breakdown: Where to Find the Cheapest Rent Without Sacrificing Livability

A Local Experts Guide to The Best Affordable Neighborhoods in the Birmingham, AL area for affordable living. Find your perfect Birmingham apartment, condo, or rental home today at ApartmentHomeliving.com

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property at 55 Hanover Cir

$1,000 - $1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,100
Total Monthly Price
$1,000 - $1,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

55 Hanover Cir

BirminghamAL35205

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-30, Page 1 of 1

Homewood, AL Local Guide

Cheapest Available Homewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Homewood, AL is a 1 Bed unit found at 914 14th St SW in the West End neighborhood priced from $600. University Ridge Apartments in the Smithfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
914 14th St SW1 Beds, 1 Baths1BR,1BA$600
University Ridge ApartmentsStudioStudio,1BA$625
Pointe Arlington1/1.001BR,1BA$700
The Pearl at HomewoodOne Bedroom One Bath1BR,1BA$730
Cliff PlaceStudio ApartmentStudio,1BA$731
Beacon Pointe Apartments2 Bed/2 Bath2BR,2BA$749
614 1st St S1BR/1BA1BR,1BA$750
DMG MountainsideMtn One Bedroom1BR,1BA$751
Montrose and MontclairStudio Apartment - MontroseStudio,1BA$769
Terrace Apartments1 Bedroom 1 Bath - Ground Level1BR,1BA$770

Best Value Apartments for Rent in Homewood, AL and Nearby

As of August 14, 2026 the best value apartment in the Homewood area is the $0.83 price per square foot 2 Bedroom Model at Fix Play Lofts in the in the Smithfield neighborhood starting from $1,860. The second greatest value Homewood apartment is the 3 Bedroom 2 Bath Model at Branchwater starting at $1,559 with a $0.92 price per square foot in the Hoover Vestavia Hills neighborhood. Here is today’s list of the best values for Homewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fix Play Lofts2 Bedroom2BR,1BA$0.83
Branchwater3 Bedroom 2 Bath3BR,2BA$0.92
Valley Station3 x 2 Prem3BR,2BA$1.02
621 19th Ct S3BD 1 BATH3BR,1BA$1.07
Hickory Knoll2 Bedroom 2 Bathroom2BR,2BA$1.02
Places at Red Rocks2 Bedroom2BR,1BA$0.89
Terrace Court1x1 [2nd Floor]1BR,1BA$1.08
DMG MountainsideMtn Two Bedroom One Bath2BR,1BA$1.10
Lakeview1 Bedroom/ 1 Bathroom1BR,1BA$1.10
Beacon Pointe Apartments1 Bed/1 Bath1BR,1BA$1.00

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Homewood, AL

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Homewood

What type of rentals are currently available in Homewood?

There are currently 467 Apartments for Rent in Homewood, AL with pricing that ranges from $625 to $14,545. There are also 155 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $800 to $8,500.

What is the current price range for Rental Homes in Homewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Homewood ranges from $800 to $8,500 with an average monthly rent of $1,919.

How much are larger Three and Four Bedroom Rentals in Homewood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Homewood range from $900 to $4,221, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $785.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Birmingham Neighborhood Breakdown: Where to Find the Cheapest Rent Without Sacrificing Livability article

Birmingham Neighborhood Breakdown: Where to Find the Cheapest Rent Without Sacrificing Livability

Written by: Larry Allen

Hi. Larry Allen here, your ApartmentHomeLiving.com Local Expert for Birmingham, AL.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.